We have taken measures to ensure that our services continue as normal. As a Money Service Business, Leftover Currency is deemed an essential business. This means we continue to exchange currency as normal, also during the November-December 2020 lockdown in the UK. Since the start of the first lockdown we have paid out over £500,000 to customers who sent in their leftover currency. This money was often a welcome extra for our customers, in some cases much-needed. We continue to serve anyone with unused travel money in their drawers.
Our Datchet office remains open as normal and we continue to receive post and self-delivered currency as usual. The London office is also accepting self-deliveries as normal. Postal services in the UK continue to work as normal. Royal Mail continues to deliver post as normal, with excellent results. Royal Mail has hired extra staff and opened additional processing centres.
Some of our staff is working from home, including the Finance and Customer Service teams.
For the answers to more questions, please visit our FAQ page. If you have any questions please don’t hesitate to contact us.
Despite the economic slump caused by Covid-19, we have exchanged over £100,000 pounds for charities so far in 2020. That is an amazing amount, topping all previous years!
This means a lot for the charities we work with and they are super grateful for the generous donations made by so many people who chose to give away the value of their leftover travel money to raise funds for good causes. A big Thank You to everyone who donated!
As we will explain further below, Turkey was going through a period of hyperinflation in the 1990’s and 2000’s. As a result, the value of the Turkish Lira dropped and the country was forced to mint coins in ever greater denominations.
To avoid having too many zeroes on the coins, the Turkish government decided to use the word ‘One Thousand’ instead, which in Turkish is ‘Bin’. From 1994 until 2004, coins were minted in denominations of 10 bin lira (₺10,000), 25 bin lira (₺25,000), 50 bin lira (₺50,000), 100 bin lira (₺100,000) and 250 bin lira (₺250,000).
Currency for which the exchange deadline has expired no longer has a monetary value. So-called ‘demonetised‘ banknotes and coins have no value except for the raw materials they are made off, and a possible collector value to . A banknote or coin’s collector value is determined by its condition, rarity and popularity among collectors.
At Leftover Currency we continue to exchange a number of currencies for which the exchange deadline has expired. Although we pay less than the old face value, we are still able to pay a fair amount for old demonetised currencies such as the Cypriot Pound, French Franc, Italian Lira, Greek Drachma or Maltese Pound.
In addition to the more recent series of Luxembourgish Franc banknotes which are still exchangeable for a monetary value, we have added the older Luxembourgish Franc banknotes to the site as well. These demonetized banknotes from the Grand Duchy of Luxembourg only have a collectible value, no monetary value. We are able to exchange them and our exchange rate covers the collectible value of these pre-euro Luxembourgish banknotes.
Get started here: Exchange demonetized Luxembourgish Franc banknotes.
There are a number of theories about why the banknotes of 200 and 500 DDR-marks were never issued. A popular theory is that the value of the banknotes was deemed too high, and that introducing them might have caused inflation.
Another theory is that the banknotes were printed only to be issued in case of war with the West. This is similar to the $4 Billion cash the American Federal Reserve stored in a the Culpeper cold war bunker near Mount Pony, Virginia.
Leftover Currency converts foreign coins, old banknotes and obsolete currencies to cash, quickly and easily.
207 Regent Street,
London W1B 3HH,
This coin fact may seem unlikely but it is scientifically proven to be true: The chance of a coin coming up as started is 51%, more than half. Meaning, if you flip a coin starting with heads up, there is a 51% chance the the coin-toss result is heads up. This was proven by Stanford professor Persi Dianconis. Source: Dynamical bias in the coin toss.
More people start a coin toss with heads facing up, compared to tails. Therefore, heads is a more likely outcome than tails in a coin toss up.